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COK Solar Energy Bundle Loan Checklist

  •  Interest Rate– 15%, Fees-3% of loan amount and Tenure– Up to 72 months
  • Must be a COK Sodality member
  • If Employed:
  • Job Letter stating salary, position, length of employment; plus last two months pay slips
  • Tax Registration Number (TRN) Card
  • Valid ID (Driver’s Licence, Voter’s ID, Passport or COK ID);
  • One (1) Passport sized photograph
  • If Self-Employed:
  • Financial statements prepared by a Certified Chartered Accountant & stamped ( self-employed applicant)
    • Income & Expenditure Statement /Balance sheet
    • Cash Flow Statement and Cash Flow projections (for at least three years)
  • Credit reference ( where applicable)
  • Print out of savings/current account transactions for at least 12 months OR updated bank book
  • CompletedApplicationFormswithcontactinformationoftworelatives&tworeferences(non-related)
  • Recent utility or any other bill in member’s name with current address (Proof of Address)
  • Qualifying shares – 10% of loan amount
  • Proof of purpose – supporting invoices to purchase energy efficient products.

*CONDITIONS APPLY

WEBSITE: www.cokcu.com || EMAIL: [email protected] Telephone: 1-876-960-4226)
MONTEGO BAY: 30-34 Market Street, Montego Bay, St. James. MANDEVILLE: Units 1, 2 & 8 Mandeville Plaza, Mandeville, Manchester,
PORTMORE: Shop #3 McMaster Centre, Portmore, St. Catherine CROSS ROADS: 70 Slipe Road, Kingston 5. HALF WAY TREE: Units 9 & 10, Winchester Business Centre, 15 Hope Rd., Kingston 10. Spanish Town: 52 Young Street, Spanish Town, St. Catherine. Ocho Rios: Shop 7, 19 Main Street, Ocho Rios St. Ann

COK Solar Panel Loan Checklist
(Using Real Estate as security)

  • Interest Rate7.45%, Fees-4.5% of loan amount and TenureUp to 180 months
  • Must be a COK Sodality member
  • Job Letter stating salary, position, length of employment; plus last two months pay slips
  • Tax Registration Number (TRN) Card
  •  Valid ID (Driver’s Licence, Voter’s ID, Passport, COK ID)
  • One (1) Passport sized photograph
  • FinancialspreparedbyaCertifiedCharteredAccountant&stamped(self-employedapplicant)
    • Income & Expenditure Statement
    • Balance Sheet
    • Cash Flow Statement and Cash Flow projections (for at least three years)
  • Credit reference ( where applicable)
  • Print out of savings/current account transactions for at least 12 months OR updated bank book
  • Completed Application Forms with contact information of two relatives & two references (non-related)
  • Completed Application Form with contact information of two relatives & two references (non-related)
  • Completed Expense form and Statement of Affairs (to be provided by COK)
  • Recent utility or any other bill in member’s name with current address (Proof of Address)
  • Qualifying shares – 5% of loan amount.
  • Proofofpurpose-supportinginvoicesforstatedpurposeofloan.
  • Assignment of life insurance policy (if required)
  • Current Valuation (done in the last year) by one of our Approved Valuators (Refer to attached listing of
  • approved valuators). All properties will be inspected by a COK staff member .
  • Surveyors Identification report
  • Property must be insured (not applicable if it’s land only)
  • Submissionofupdatedpropertytaxesandwaterbill
  • Copy of property title
  • Mortgage Statement (by first mortgage holder where a mortgage exists)

Guarantor (if applicable)

  • Job Letter stating salary, position, length of employment; plus last two months pay slips
  • Print out of savings/current account transactions for at least 12 months OR updated bank book (if required) Tax Registration Number (TRN) Card and Valid ID (Driver’s Licence, Voter’s ID, COK ID)
  • Passport size photograph
  • Signed Guarantor form witnessed by a Justice of the Peace
  • Recent utility or any other bill in Guarantor’s name with current address (Proof of Address)

 

***CONDITIONS APPLY

WEBSITE: www.cokcu.com EMAIL: [email protected] Telephone:1-876-960-I-CAN (960-4226) CROSS ROADS – 66-70 Slipe Road, Kingston 5
HALF WAY TREE – Units 9&10 Winchester Business Centre, 15 Hope Road, Kingston 10 PORTMORE – Shop #3 McMaster Centre, Portmore;
MONTEGO BAY: 30-34 Market Street, Montego Bay, St. James
MANDEVILLE – Units 1,2 & 8 Mandeville Plaza, Mandeville, Manchester

COK Solar Panel Loan Checklist

(Solar System being used as Collateral)

  • Interest Rate- 10%, Fees-3% of loan amount, Tenure- Up to 120 months
  • Must be a COK Sodality member
  • If Employed:
    • 1. Job Letter stating salary, position, length of employment; plus, last two months pay slips
    • 2. Print out of savings/current account transactions for at least 6 months OR updated bank book
  • If Self Employed:
    • 1. Financials prepared by a Certified Chartered Accountant & stamped this must include Income & Expenditure Statement for last 2 years, Balance Sheet, Cash Flow Statement and Cash Flow projections for at least three years.
    • 2. Print out of savings/current account transactions for at least 12 months OR updated Bank Book.
  • Credit Reference (where applicable)
  • Tax Registration Number (TRN) Card
  • Valid ID (Driver’s Licence, Voter’s ID, Passport, COK ID)
  • One (1) Passport sized photograph
  • Recent utility or any other bill in member’s name with current address (Proof of Address)
  • Qualifying shares – 5% of loan amount.
  • Proofofpurpose-supportinginvoicesforstatedpurposeofloan.
  • Assignment of life insurance policy (if required)
  • AllPanelsshouldbepurchasedfrom COK’s Solar Panel Providers and same will  be inspected by a COK Representative.
  • Solar Panels must be insured (Insurance provided by Marathon Insurance Brokers)

Guarantor (if applicable)

  • Job Letter stating salary, position, length of employment; plus last two months pay slips
  • Print out of savings/current account transactions for at least 12 months OR updated bank book (if required) Tax Registration Number (TRN) Card and Valid ID (Driver’s Licence, Voter’s ID, COK ID)
  • Passport size photograph
  • Signed Guarantor form witnessed by a Justice of the Peace
  • Recent utility or any other bill in Guarantor’s name with current address (Proof of Address)

    SOLAR PANEL PROVIDERS

Organization Contact Persons Address Contact Information
ConserveIT    Claudia Russell- Placencia 12 Truman Avenue, Kingston 10 876-997-7159
[email protected]
Solar Buzz Jason Robinson 6 Haining Road, Kingston 5 876-875-9542
[email protected]
Zoom Solar Mr Currey [email protected]
Carisol Mr Milton 38 Cassia Park Road, Kingston 10 [email protected]
Super Nova Energy Whylie Jervis 101 Harbour Drive, Kingston 17 876-820-1467
[email protected]
Saddle Energy Zahra Ennis 19 Wellington Drive, Kingston 6 876-774-9396
[email protected]

 

INSURANCE PREMIUM FINANCING LOAN CHECKLIST

The Credit Union also provides an Insurance Premium Financing loan facility that can assist you with the cost associated with your annual insurance.

Required Documents:

o If Employed:

  1. Job Letter stating salary, position, length of employment; plus, last two months pay slips
  2. Print out of savings/current account transactions for at least 6 months OR updated bank book

o If Self Employed:

3. Financials prepared by a Certified Chartered Accountant & stamped this must include Income & Expenditure Statement for last 2 years, Balance Sheet, Cash Flow              Statement and Cash Flow projections for at least three years.

4. Print out of savings/current account transactions for at least 11 months OR updated Bank Book.

o Credit reference

o Tax Registration Number (TRN) Card

o Valid ID (Driver’s License, Voter’s ID, COK ID) and One Passport size photograph

o Recent utility or any other bill in member’s name with current address (Proof of Address)

 

TERM AND INTEREST RATE STRUCTURE

% Financing of the Premium Term Interest Rate
95% Up to 10 months 15%

 

***CONDITIONS APPLY
WEBSITE: www.cokcu.com EMAIL: [email protected] Telephone:1-876-960-I-CAN (960-4226) CROSS ROADS – 66-70 Slipe Road, Kingston 5
HALF WAY TREE – Units 9&10 Winchester Business Centre, 15 Hope Road, Kingston 10 PORTMORE – Shop #3 McMaster Centre, Portmore;
MONTEGO BAY: 30-34 Market Street, Montego Bay, St. James
MANDEVILLE – Units 1,2 & 8 Mandeville Plaza, Mandeville, Manchester

COK Solar Panel Loan Checklist

(DBJ/ CEF 80% Guarantee)

  • Interest Rate10%, Fees-3% of loan amount and TenureUp to 120 months
  • Must be a COK Sodality member
  • If Employed
  • Job Letter stating salary, position, length of employment; plus last two months pay slips
  • Tax Registration Number(TRN) Card
  •  Valid ID (Driver’s Licence, Voter’s ID, Passport, COK ID)
  • One (1) Passport sized photograph
  • IfSelf-Employed
  • FinancialspreparedbyaCertifiedCharteredAccountant&stamped(self-employedapplicant)
    • Income & Expenditure Statement
    • Balance Sheet
    • Cash Flow Statement and Cash Flow projections (for at least three years)
  • Credit reference ( where applicable)
  • Print out of savings/current account transactions for at least 12 months OR updated bank book
  • Completed Application Forms with contact information of two relatives & two references (non-related)
  • Completed Application Form with contact information of two relatives & two references (non-related)
  • Completed Expense form and Statement of Affairs (to be provided by COK)
  • Recent utility or any other bill in member’s name with current address (Proof of Address)
  • Proofofpurpose-supportinginvoicesforstatedpurposeofloan.
  • Assignment of life insurance policy (if required)
  • 80% DBJ/CEF Guarantee and 20% Share Requirement

Guarantor (if applicable)

  • Job Letter stating salary, position, length of employment; plus last two months pay slips
  • Print out of savings/current account transactions for at least 12 months OR updated bank book (if required) Tax Registration Number (TRN) Card and Valid ID (Driver’s Licence, Voter’s ID, COK ID)
  • Passport size photograph
  • Signed Guarantor form witnessed by a Justice of the Peace
  • Recent utility or any other bill in Guarantor’s name with current address (Proof of Address)

***CONDITIONS APPLY

WEBSITE: www.cokcu.com EMAIL: [email protected] Telephone:1-876-960-I-CAN (960-4226) CROSS ROADS – 66-70 Slipe Road, Kingston 5
HALF WAY TREE – Units 9&10 Winchester Business Centre, 15 Hope Road, Kingston 10 PORTMORE – Shop #3 McMaster Centre, Portmore;
MONTEGO BAY: 30-34 Market Street, Montego Bay, St. James
MANDEVILLE – Units 1,2 & 8 Mandeville Plaza, Mandeville, Manchester